Transmission of myData via ERP goes live January 2024 The Greek digital My Digital Accounting and Tax Application (“myData”) invoicing and bookkeeping regime is being updated for users reporting via ERP’s. The new requirement from the Greek tax office, AADE for transmission of summary data will
Transaction data based on myDATA submissions now available for 2022 filings onwards The Greek tax office, AADE, is now offering voluntary pre-completed VAT returns for taxpayers to use. This covers late or corrective 2022 returns going forward. This service has been introduced at the start
Inflation at 11.2% forces forth prolongation of reduced VAT rates on key supplies Greece has announced a potential fourth extension of the temporary cut in the reduced Value Added Tax rate on certain goods from 24% to 13%. This latest extension is included in the
Annual customer and vendor consolidated report ends 15th June 2022 The Greek annual statement of supplier and customer invoices is to be withdrawn this year. The last year, covering 2021, must be submitted by 15 June 2022. This is an extension announced this week –
Persistent VAT gap of 26% brings range of digital recommendations The Bank of Greece has put forward a range of proposal to tackle the Greece’s VAT gap, the measure of actual tax receipts versus expected, is one of the highest in the EU at 25.8%,
Finance Ministry considering food VAT rate cuts during inflation spike Last week, the Greek government confirmed a revaluation of cutting Value Added Tax rate on basic foodstuffs. The current reduced rate is 13% on certain foods; 24% on most other supplies. The Finance Ministry may
COVID-19 forces further prolongation of reduced VAT rates on key supplies Greece has announced a further extension of the temporary cut in the reduced Value Added Tax rate on certain goods from 24% to 13%. The rate will now not return to normal until 30
Sales e-invoice reporting goes ahead; purchase reporting to follow from 1 Jan 2022 Greece’s Ministry of Finance and Greek tax office, AADE, started the voluntary the rollout of its VAT transactional reporting from 1 July 2021 via e-invoice and e-book reporting. Sales invoice reporting started
The Greek Ministry of Finance has provided updates on filing deadlines for the new myDATA e-books and e-invoices, plus the certified cash registers. The introduction of the new transactional reporting of income and purchases has been voluntary since October 2020, and was due to go
